Financial analysts have estimated the returns on shares of the Goldday Corporation and the overall market portfolio under two economic states nature as follows. For Goldday the state dependent returns are-0.02in recession, and0.06in an economic boom. For the market the state dependent returns are-0.08in recession,and0.16in boom. The analyst estimates that the probability of a recession is0.50while the probability of an economic boom is0.50.

Compute the covariance between Goldday and the market.